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Home Economy Malami rubbishes alleged loss of $2.4bn oil revenue
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Malami rubbishes alleged loss of $2.4bn oil revenue

By
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April 28, 2023
Abubakar Malami, SAN, Minister of Justice
Abubakar Malami, SAN, Minister of Justice

Malami rubbishes alleged loss of $2.4bn oil revenue

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, Thursday told the House of Representatives Ad-hoc Committee investigating the alleged loss of $2.4bn from the sale of 48 million crude oil barrels that the claim by the whistleblowers was baseless and unfounded.

Appearing before the committee, Malami said the government refused to be chasing shadows as there no basis for wasting resources because the whistleblowers made the allegations to defraud the government.

He said his office had filed a criminal suit against the whistleblowers, alleging that the individuals involved had earlier attempted to defraud the government.

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“Sometimes in 2016, allegations were rife and hyped in the social media. There were allegations of existence of stolen 48m barrels of Nigerian crude in China said to have been valued at N2.4bn. President Muhammadu Buhari informally requested the Attorney-General, my humble person; Mele Kyari; Lawal Daura, former DG of DSS and the Late Abba Kyari to look into it and advise…we reported to the president that we were unable to confirm the veracity of the allegation hence no further action was taken by my office.”

Noting that whistleblowing thrives on confidentiality and protection of information, he said disclosing details of whistleblowers at a public hearing breaches the confidentiality provision of which his office was committed to on the account of personal security and the national security.

The deputy chairman of the committee, Ibrahim Isiaka, replied Malami thus: “You’re a key critical stakeholder and a key player on the determinants, not to influence, but to determine. We’ll still need that report by your committee that you submitted to Mr President.”

 

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Local Government Autonomy Not Negotiable — FG DeclaresNigeria’s Future Rests on Smart Defence Management — Badaru to Military LeadersCustoms Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDACTroops Intercept 3 Gunrunners, Seize Weapons, Cash in KadunaTroops Bust IPOB/ESN Logistics Network, Arrest Informants in Southeast — DHQSoludo and Radda’s Candid Confessions on Homegrown Terror By Tahir AhmadRat Story Was a Smokescreen to Divert Attention from Buhari’s Health - Garba Shehu RevealsNigeria's Second Chance at a Global Cashless Future By Fatimah Yusuf UsmanAir Chief Rallies New Intelligence Officers for Proactive Security ResponseCustoms, NAFDAC Activate MoU to Fight Substandard Products By Abdullah MaiwadaNELFUND Resumes Monthly Upkeep Payments, Credits Over 3,600 StudentsNNPCL Must Account for ‘Unreconciled’ N210tr in Financial Statements - Senate InsistsPresidency Debunks Misleading Reports on VP Shettima’s Remarks at Book LaunchPolice Arrest, Repatriate Chinese Fugitive Wanted for Tax FraudMurder of Wedding Guests: Plateau Court Remands 20 Suspects
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